Ball Corporation (NYSE:BLL) Chairman John A. Hayes sold 5,683 shares of Ball Corporation stock in a transaction that occurred on Friday, July 7th. The shares were sold at an average price of $42.23, for a total transaction of $239,993.09. Following the completion of the transaction, the chairman now owns 407,562 shares of the company’s stock, valued at $17,211,343.26. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Ball Corporation (BLL) opened at 41.78 on Wednesday. Ball Corporation has a 12 month low of $34.34 and a 12 month high of $42.87. The company has a 50-day moving average of $45.58 and a 200 day moving average of $67.50. The stock has a market capitalization of $14.67 billion, a price-to-earnings ratio of 31.09 and a beta of 0.96.
Ball Corporation (NYSE:BLL) last posted its earnings results on Thursday, May 4th. The industrial products company reported $0.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.04. The company had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.41 billion. Ball Corporation had a net margin of 4.59% and a return on equity of 16.46%. Ball Corporation’s quarterly revenue was up 40.8% on a year-over-year basis. During the same period last year, the company posted $0.30 earnings per share. On average, equities research analysts anticipate that Ball Corporation will post $2.15 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Thursday, June 1st were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.96%. This is a boost from Ball Corporation’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Tuesday, May 30th. Ball Corporation’s dividend payout ratio (DPR) is presently 26.67%.
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A number of institutional investors have recently bought and sold shares of the stock. Pinnacle Bank bought a new position in Ball Corporation during the first quarter valued at $126,000. First Personal Financial Services boosted its position in Ball Corporation by 17.1% in the first quarter. First Personal Financial Services now owns 1,797 shares of the industrial products company’s stock valued at $133,000 after buying an additional 262 shares during the last quarter. Advisor Partners LLC acquired a new position in shares of Ball Corporation during the first quarter worth approximately $201,000. Baird Financial Group Inc. acquired a new position in shares of Ball Corporation during the first quarter worth approximately $201,000. Finally, Creative Planning boosted its position in shares of Ball Corporation by 3.3% in the first quarter. Creative Planning now owns 2,720 shares of the industrial products company’s stock worth $202,000 after buying an additional 86 shares during the last quarter. 43.16% of the stock is owned by institutional investors.
A number of research firms recently weighed in on BLL. Vertical Research lowered shares of Ball Corporation from a “buy” rating to a “hold” rating and set a $41.50 price objective for the company. in a research note on Friday, May 5th. Zacks Investment Research upgraded shares of Ball Corporation from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a research report on Tuesday, July 4th. ValuEngine upgraded shares of Ball Corporation from a “buy” rating to a “strong-buy” rating in a research report on Thursday, May 18th. Jefferies Group LLC boosted their price target on shares of Ball Corporation from $45.00 to $47.50 and gave the company a “buy” rating in a research report on Friday, May 5th. Finally, TheStreet upgraded shares of Ball Corporation from a “c+” rating to a “b” rating in a research report on Thursday, May 4th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $42.59.
Ball Corporation Company Profile
Ball Corporation is a supplier of metal packaging to the beverage, food, personal care and household products industries. The Company’s packaging products are produced for a range of end uses and are manufactured in facilities around the world. Its segments include beverage packaging, North and Central America; beverage packaging, South America; beverage packaging, Europe; food and aerosol packaging; aerospace, and other.
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